AUD/USD getting magnetised to that 0.7000 handle...
AUD/USD is still looking to land at 0.7000. The last breakdown we did on this pair was above 0.7150, since then we did decline slightly but overall moved sideways.
If we can continue with this bullish momentum on the dollar then 0.7000 may be the first target of many to the downside on this pair.
This 2-Hour 200 MA is providing strong resistance with many bearish confluences across all timeframes. Upside scenarios are not present at this stage.
If we can continue with this bullish momentum on the dollar then 0.7000 may be the first target of many to the downside on this pair.
This 2-Hour 200 MA is providing strong resistance with many bearish confluences across all timeframes. Upside scenarios are not present at this stage.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.